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Sohar Islamic completes issuance of Takaful Oman s perpetual sukuk
By: Times News Service
Muscat: Reiterating its strong market position and investor confidence, Sohar Islamic – Sohar International’s Islamic Window, has completed the issuance of OMR6 million Perpetual Sukuk Al Mudaraba Trust Certificate, by Takaful Oman Insurance - a leading Takaful company in Oman.
The Perpetual Sukuk has an initial yearly profit rate of 8.5 per cent, payable semiannually through Takaful Sukuk Specialised Purpose Company (SPC) established by Takaful Oman for this specific programme.
As the issue managers and financial adviser, Sohar Islamic played a pivotal role in ensuring the successful issuance and completion of the entire activity. The placement of the issue was done through a private placement to select investors whilst receiving strong interest from institutions, fund managers, and wealth management clients of the bank.
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Sohar Islamic issues OMR6 million perpetual Sukuk by Takaful Oman timesofoman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofoman.com Daily Mail and Mail on Sunday newspapers.